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copper exporter

Copper eases as dollar firms on US inflation jitters

Copper eases as dollar firms on US inflation jitters

Published 14 Jul, 2021 01:31pm
  • Three-month copper on the London Metal Exchange eased 0.1% to $9,408 a tonne.
  • China, the world's biggest metals consumer, will take "comprehensive measures" to ease rising commodity prices, Premier Li Keqiang said.
Fundamentals shaky, but funds fuel copper's rise to 2-week peak

Fundamentals shaky, but funds fuel copper's rise to 2-week peak

Published 05 Jul, 2021 06:37pm
  • Benchmark copper on the London Metal Exchange gained 0.9% to $9,461 a tonne in official trading.
  • Prices of the metal used by investors to make bets on manufacturing and economic growth earlier touched $9,536, the highest since June 16.
Copper eases as dollar firms on US inflation fears

Copper eases as dollar firms on US inflation fears

Published 28 Jun, 2021 11:21am
  • Three-month copper on the London Metal Exchange was down 0.3% at $9,383.50 a tonne.
  • This morning, there is a marked lack of interest in the Asian session with all the drifting lower on thin volumes as yet again the physical buyers shy away from these prices.
Copper edges up after Fed chief vows to keep rates low

Copper edges up after Fed chief vows to keep rates low

Published 23 Jun, 2021 06:27pm
  • "I suspect for the next few months we'll consolidate sideways. Maybe that will be the mantra of summer - buy the dips, sell the rallies and then reassess how things are evolving going forward."
Copper sell-off continues as prices hit 10-week low

Copper sell-off continues as prices hit 10-week low

Published 21 Jun, 2021 05:05pm
  • Benchmark copper on the London Metal Exchange (LME) was down 0.4% at $9,108.50 a tonne.
  • The metal used in power and construction hit a record high of $10,474.50 in May. Prices fell 8.6% last week.
Copper heads for its biggest weekly tumble since March 2020

Copper heads for its biggest weekly tumble since March 2020

Published 18 Jun, 2021 05:28pm
  • Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,238 a tonne.
  • The sell-off follows a remarkable rally, with the metal used in power and construction reaching a record high of $10,747.50 in May.
Copper falls as market frets about demand, China curbs

Copper falls as market frets about demand, China curbs

Published 14 Jun, 2021 05:12pm
  • Benchmark copper on the London Metal Exchange was down 0.4% at $9,960 a tonne.
  • Prices of the metal, often used as a gauge of manufacturing activity, are down nearly 8% since hitting a record high of $10,747.50 a tonne in May.
Copper slips as Chinese factory gate prices surge

Copper slips as Chinese factory gate prices surge

Published 09 Jun, 2021 06:31pm
  • Benchmark copper on the London Metal Exchange (LME) was down 0.6% at $9,904.50 a tonne in official trading, off a record high of $10,747.50 reached on May 10.
  • Chinese Yangshan copper import premiums fell to $26, the lowest in at least 9 years, pointing to weak demand for overseas metal.
Shanghai copper registers second monthly gain on supply concerns

Shanghai copper registers second monthly gain on supply concerns

Published 31 May, 2021 06:37pm
  • The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
  • The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.
Copper edges lower on China demand concerns

Copper edges lower on China demand concerns

Published 28 May, 2021 08:41pm
  • Three-month copper on the London Metal Exchange slipped 0.2% to $10,201 a tonne.
  • Torlizzi expected copper prices to correct lower during the summer, when bullish investors would start buying again. He targeted $8,000 as an attractive level to re-enter the market.
Copper rises as strike fears and Chinese data reassure bulls

Copper rises as strike fears and Chinese data reassure bulls

Published 27 May, 2021 08:27pm
  • Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
  • Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.
Copper boosted by planned labour strikes at Chile mines

Copper boosted by planned labour strikes at Chile mines

Published 26 May, 2021 07:40pm
  • Benchmark copper on the London Metal Exchange (LME) were up 0.6% at $9,978.50 a tonne in official trading.
  • This comes after the Chinese government said it would crack down on the surging prices of industrial metals.
China crackdown on prices subdues industrial metals

China crackdown on prices subdues industrial metals

Published 25 May, 2021 08:16pm
  • Benchmark copper on the London Metal Exchange traded up 0.1% at $9,961 a tonne in official rings.
  • Prices of the metal used widely in the power and construction industries have fallen 7% since hitting a record high at $10,747.50 a tonne earlier this month.
Copper retreats on fears over Chinese price crackdown

Copper retreats on fears over Chinese price crackdown

Published 21 May, 2021 08:20pm
  • Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
  • Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.
Copper retreats on fears over Chinese price crackdown

Copper retreats on fears over Chinese price crackdown

Published 21 May, 2021 04:45pm
  • Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since January after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
Copper up on dollar, strike possibility in Chile

Copper up on dollar, strike possibility in Chile

Published 20 May, 2021 08:32pm
  • Benchmark copper on the London Metal Exchange traded up 1% at $10,104 a tonne in official rings. However, prices of the metal used widely in power and construction are down 6% since hitting a record $10,747.50 a tonne earlier in May.
Slumping dollar boosts base metals, zinc hits 3-year high

Slumping dollar boosts base metals, zinc hits 3-year high

Published 18 May, 2021 08:31pm
  • Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $10,496.50 a tonne in official trading and near last week's record high of $10,747.50.
  • LME zinc was up 2.4% at $3,085 a tonne after surging to $3,108.50, its highest since June 2018.
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